Basis point

A basis point (often abbreviated as bp, often pronounced as "bip" or "beep") is one hundredth of 1 percentage point. The related term permyriad means one hundredth of 1 percent. Changes of interest rates are often stated in basis points. If an interest rate of 10% increased by 1 basis point, it changed to 10.01%.

This article is about the financial term. It is not to be confused with the electronic term Bias point.
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per ten thousand sign
In UnicodeU+2031 ‱ PER TEN THOUSAND SIGN (‱)
Related
See alsoU+0025 % PERCENT SIGN
U+2030 ‰ PER MILLE SIGN (per thousand)
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